The Demand for Money Expectations and Short and Long Rates

The expositions by Sir John Hicks (1935; 1946) of theories of money and interest rates are classics of economic theory. Much of what is now accepted as established theory was developed from those pages of lucid prose. Modern theorists spend much of their time extending and reinterpreting Hicksian notions. This is the purpose of this note on the demand for money and interest rates.